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How a 3-D Printer Saved Zeesy Stern's CRAINS 20160111-NEWS--0001-NAT-CCI-CN_-- 1/8/2016 6:55 PM Page 1 CRAINS ® JANUARY 11-17,2016 | PRICE $3.00 NEW YORK BUSINESS How a 3-D printer saved Zeesy Stern’s jaw New York’s most cutting-edge doctors have embraced one of the handiest tools of the digital age to transform people’s lives—and cut costs PAGE 16 VOL. XXXII, NO. 2 WWW.CRAINSNEWYORK.COM Where DRAMA 02 Cuomo’s THE LIST RETURNS 5 big plans New York’s top SBA TO CITY fall short lenders and loans OPERA Pages 3, 4 and 7 Pages 13-14 PAGE 10 NEWSPAPER 71486 01068 0 20160111-NEWS--0003-NAT-CCI-CN_-- 1/8/2016 6:56 PM Page 1 JANUARYCRAINS 11-17, 2016 FROM THE NEWSROOM | JEREMY SMERD Cuomo’s mad dash IN THIS ISSUE 4 AGENDA GOV. ANDREW CUOMO grabbed headlines ahead of his State of 5 IN CASE YOU MISSED IT the State address this week with a slew of projects that made 6 WHO OWNS THE BLOCK business owners with big stakes in the state feel as if he’s 7 REAL ESTATE Fighting a advancing half-baked ideas. 8 ASKED & ANSWERED wage hike by The governor has shown he’s committed to repairing the supporting it 9 RETAIL state’s shoddy infrastructure. He’s building a new Tappan 10 Zee Bridge, backing a new trans-Hudson train tunnel and SMALL BUSINESS helping the Metropolitan Transportation Authority pay for 12 VIEWPOINTS its capital plan. 13 THE LISTS But his love for a big project with his fingerprints on it His love for a big FEATURES seems to ignore the careful planning undertaken by the agencies charged with thinking about these things. project with his 15 THE GIG ECONOMY The governor last week proposed adding a third track to fingerprints on it 16 COVER STORY the Long Island Rail Road—a project that was not important seems to ignore the 24 GOTHAM GIGS enough to make it into the MTA’s capital plan—and a Long Island-Westchester car tunnel that has gone nowhere since careful planning being conceived in the 1960s. His $1 billion idea to expand undertaken by others the Javits Center (see story, Page 7) seems as slapdash as his plan four years ago to put a convention center next to Aqueduct. Consider that a similar Javits plan pegged at $1.7 billion in 2005 was canceled when the Spitzer administration found it would cost as much as $5 billion. Cuomo’s vision for Penn Station seems equally curious. Rather than right a Broadway’s historical wrong that saw the destruction of the original Beaux-Arts building, he P. 24 bookkeeper will keep Madison Square Garden (see Editorial, Page 4), severely limiting the ability to bring light and space into the station’s congested warrens. The plan also appears 25 SNAPS to ignore a binding agreement giving the Related Cos. and Vornado Realty Trust the 26 EXECUTIVE MOVES right to develop the Farley post office across the street into Moynihan Station. 27 PHOTO FINISH If these ideas are not coming from the agencies overseeing infrastructure, where CORRECTION are they coming from? The governor’s original inner circle has been hollowed out. RIC CURTIS is an anthropology professor at John Jay True, Alphonso David remains, now in the role of counsel, and Jim Malatras College of Criminal Justice. His given name was misspelled returned to lead state operations. But Pat Foye is leaving as the head of the Port in the Jan. 4 “The Drug Dealer’s Dilemma.” Authority after not being named its new CEO, even though he is well qualified for it. Meanwhile, Empire State Development, under CEO Howard Zemsky, is reportedly under investigation by Preet Bharara for its Buffalo Billion program. Which brings me to the elephant in the room. Sheldon Silver and Dean Skelos shared the stage with the governor during his State of the State last year. This year both are on their way to prison. The U.S. attorney for the Southern District is on the march and the governor seems more isolated than ever, suggesting that his big plans to move New York may ultimately go nowhere. Ⅲ ON THE COVER PHOTO: BUCK ENNIS CONFERENCE CALLOUT FEBRUARY 25 DIGITAL DISPATCHES CRAIN’S BUSINESS Go to CrainsNewYork.com BREAKFAST FORUM READ Melissa Mark-Viverito, speaker of the New Yorkers prefer to tip rather City Council, will outline than pay higher menu prices or service her priorities for the second half fees, like those instituted by restaurateur Danny Meyer. A NYC > of her term and answer Hospitality Alliance survey said about questions from 40% of restaurant-goers said they would Crain’s journalists. dine out less if prices increased. NEW YORK ■ CityMD has partnered with Zipdrug, a ATHLETIC CLUB Manhattan startup, 8 a.m. to 9:30 a.m. to speed prescription delivery [email protected] to the clinic’s patients. The urgent-care chain is piloting a Zipdrug digital kiosk at its Murray Hill outpost. Vol. XXXII, No. 2, January 11, 2016—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double issues the weeks of June 27, July 11, July 25, Aug. 8, Aug. 22 and Dec. 19, by Crain Communications Inc., 685 Third Ave., New York, NY LISTEN to an in-depth examination of 3-D 10017. Periodicals postage paid at New York, NY, and additional mailing offices. Postmaster: Send address changes to: Crain’s printing, plus a discussion of Gov. Andrew New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. For subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one year, $179.95 two years.(GST No. Cuomo’s big plans for New York City. Music 13676-0444-RT) by Foxtrax CrainsNewYork.com/Podcast BUCK ENNIS, OFFICIAL COUNCIL NYC BY PHOTO ARMAN DZIDZOVIC ©Entire contents copyright 2016 by Crain Communications Inc. All rights reserved. JANUARY 11, 2016 | CRAIN’S NEW YORK BUSINESS | 3 20160111-NEWS--0004-NAT-CCI-CN_-- 1/8/2016 6:57 PM Page 1 AGENDAWHAT’S NEW JANUARY 11, 2016 The long-awaited overhaul of awful Penn Station comes a bit too soon f destroying the original Penn Station was the worst urban planning decision of the past 60 years, putting Madison Square Garden on top of the new one was a close second. The arena smothers the station underneath and requires support columns Ithat clutter its platforms and passageways. Gov. Andrew Cuomo’s proposal last week to renovate Penn Station is a welcome recognition that the transportation hub needs to be over- hauled in the worst way. But the worst way to do it is with a massive ROOTED: Most arena sitting on top of the station. And that is where Madison Square of the Garden would stay in Garden would remain, according to Cuomo’s plan. place under The Garden’s hulking presence will complicate the project’s logistics Cuomo’s plan. and drive up costs. That is why the City Council in 2013 limited the arena’s permit extension to 10 years. it deserves. And the actual delay before shovels hit the ground would be It’s understandable that Cuomo doesn’t want to wait until 2023. He less than that, given that it will take years to design the project, assem- would like construction to at least begin while he is governor, and would ble the necessary funding and line up partners for the real estate devel- rather not subject 600,000 daily passengers to the cramped and confus- opment to complement and subsidize it. ing station any longer than necessary. Make no mistake: Cuomo’s plan would Moreover, there are risks to putting A proper renovation of the transit hub be a major improvement. The governor things off until the Garden moves: requires Madison Square Garden to seems to have talked Garden boss James Whoever is governor when the arena’s move from on top of it. The arena’s Dolan into selling him the theater on the permit expires might not be interested in back side of the arena; that venue would be fixing Penn Station, and the favorable permit expires in seven years torn down to allow some natural light into economic conditions that make the proj- the dungeon-like train station. And ect attractive today—such as surging tax revenues, low borrowing costs Cuomo’s impetus will likely ensure that work gets underway this year on and a sizzling market on the West Side—won’t last forever. It is possible conversion of the Farley post office across the street into a majestic train that all the stars will never align. hall for Amtrak. But New Yorkers have waited more than a half-century for a Penn Cuomo argues that we shouldn’t let the perfect be the enemy of the Station that measures up to the grandiose one that was tragically demol- good. But perfection is within reach. After years of tortured commutes, ished in 1963. We can wait seven more years to give Penn the makeover New Yorkers deserve no less. – THE EDITORS FINE PRINT Mayor Bill de Blasio signed an order providing six weeks of paid parental leave to roughly 20,000 nonunion city employees, setting the stage for municipal unions to win a similar benefit in future contract negotiations. BY GERALD SCHIFMAN STATS 25 WORDS OR LESS THE CITY’S ONLY stand-alone Chick-fil-A eatery reopened last week BOTTOM OF THE after closing Dec. 30 to rectify health-code violations. On Dec.
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